Stories for August 1st 2011

Monday, August 1st 2011 - 07:02 UTC
Uruguayan Peso over-valued 17.4% against the dollar according to Big Mac’s PPP

The Uruguayan Peso is 17.4% over-valued against the US dollar according to the Big Mac index from The Economist which means the greenback should be trading in Montevideo money markets at 21.62 Pesos and not 18.25 Pesos as currently happens.
Monday, August 1st 2011 - 06:51 UTC
Argentina planning a “nuclear powered” submarine with conventional weapons

Argentina is considering the development of “nuclear propulsion” for its diesel-engine submarines, according to Defence minister Arturo Puricelli. The initiative follows a request from President Cristina Fernandez and is closely linked to Brazil’s construction of a first nuclear powered submersible with French technology.
Monday, August 1st 2011 - 06:25 UTC
Brazil reiterates Falklands-flagged vessels will be banned from entering its ports

Brazil reiterated its intention of banning all Falklands’ flagged vessels from calling at the country’s ports and described as “illegal” the current round of oil exploration in the Islands’ waters.
Monday, August 1st 2011 - 06:21 UTC
Brazil ready to announce 30bn dollars tax relief for industry

Brazil is prepared for the event of a United States default if no agreement is reached in the US congress on the debt ceiling and will also implement a 30 billion dollars tax relief program to prop Brazilian industry competitiveness, announced Finance minister Guido Mantega.
Monday, August 1st 2011 - 06:19 UTC
All small retail outlets to be “privatized” by next October announced Cuba

Cuba will broaden private retail service beyond beauty parlours and barbers in October to include everything from coffee shops to locksmiths, and may even rent space on busy streets, an official told parliament.
Monday, August 1st 2011 - 06:08 UTC
After one year in office Colombia’s Santos has a strong 71% approval rating

Close to his first year in office Colombian President Juan Manuel Santos has an approval rating of 71%, according to the findings of a public opinion poll released Sunday in the Bogotá media.
Monday, August 1st 2011 - 06:03 UTC
Magallanes region exports total 148 million dollars in first quarter

Exports from Magallanes region in the extreme south of Chile totalled 148 million dollars during the first quarter of the year which is 10.5% higher than a year ago (134 million dollars), according to Chile’s national Statistics Office.
Monday, August 1st 2011 - 05:53 UTC
The most tragic year in two decades for Latin America journalists

Journalists in Latin America are suffering through their “most tragic year in two decades,” with 19 reporters murdered in nine nations so far in 2011, the Inter-American Press Association said in its latest release.
Monday, August 1st 2011 - 05:44 UTC
Argentine police on the track of two French tourist packers killed in Salta

Police in the Argentine north-west province of Salta reported to have two suspects following a wide search Sunday across the local area of San Lorenzo for the killer of the two French tourists whose bodies were found on Friday, officials reported.
Monday, August 1st 2011 - 05:36 UTC
Re-elected Bs. As. City mayor to meet all presidential candidates, even CFK

Re-elected Buenos Aires City Mayor Mauricio Macri gave his victory speech after defeating Kirchnerite Daniel Filmus on Sunday, and said his party (PRO) would begin the process of deciding which of the presidential candidates to support in Argentina’s general elections of next October.